USISH(SH:601231)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 12,998,168,439.83, representing a decrease of 6.85% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2023 was CNY 277,457,152.84, down 36.79% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 219,683,026.20, a decline of 46.78% compared to the previous year[4]. - Basic earnings per share for Q1 2023 were CNY 0.13, down 36.72% year-on-year[4]. - Operating profit for Q1 2023 was approximately ¥302.39 million, down 39.5% from ¥499.57 million in Q1 2022[19]. - Net profit attributable to shareholders for Q1 2023 was approximately ¥277.46 million, a decline of 36.7% compared to ¥438.95 million in Q1 2022[19]. - The company recorded a total comprehensive income of approximately ¥221.05 million for Q1 2023, down from ¥348.08 million in Q1 2022[20]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 50.29% to CNY 2,545,922,484.41[4]. - Cash flow from operating activities for Q1 2023 was approximately ¥2.55 billion, an increase of 50.4% from ¥1.69 billion in Q1 2022[21]. - Cash and cash equivalents as of March 31, 2023, were RMB 9,981,077,691.02, up from RMB 7,695,016,173.40 at the end of 2022[16]. - Cash and cash equivalents at the end of Q1 2023 totaled approximately ¥9.97 billion, up from ¥6.72 billion at the end of Q1 2022[21]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 36,872,150,137.05, a decrease of 4.41% from the end of the previous year[6]. - Total assets decreased from RMB 38,574,464,731.16 at the end of 2022 to RMB 36,872,150,137.05 as of March 31, 2023[17]. - Total liabilities decreased from RMB 22,824,625,585.61 to RMB 20,871,967,052.46 during the same period[17]. - The company reported a decrease in inventory from RMB 10,909,893,675.82 at the end of 2022 to RMB 9,970,519,228.25 in Q1 2023[16]. - Long-term investments decreased from RMB 611,007,676.15 to RMB 492,647,519.17[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,272[9]. - The largest shareholder, Huan Cheng Technology Co., Ltd., held 76.29% of the shares[9]. Revenue Breakdown - Communication products revenue decreased by 17.49% to RMB 457,556.33 million, while automotive electronics products increased by 30.12% to RMB 120,053.97 million[11]. - Total revenue for Q1 2023 was approximately ¥12.99 billion, a decrease of 6.8% from ¥13.95 billion in Q1 2022[19]. - The company reported a decrease in total operating costs to approximately ¥12.66 billion, down 6.1% from ¥13.49 billion in Q1 2022[19]. Future Outlook - The company expects Q2 2023 revenue to grow by no more than 10% compared to Q1 2023, with improved operating profit margins[14]. - The company emphasizes that future operational goals are subject to uncertainties, including international trade stability and market conditions[14]. Research and Development - Research and development expenses increased to approximately ¥399.12 million, up 2.9% from ¥387.94 million in Q1 2022[19]. Financial Expenses - The company experienced a significant increase in financial expenses, with interest expenses rising to approximately ¥83.29 million from ¥47.36 million in Q1 2022[19]. Non-Recurring Gains - The company reported non-recurring gains totaling CNY 57,774,126.64 for the period[7]. - The impact of Purchase Price Allocation (PPA) on net profit in Q1 2023 was RMB 954.01 million, reflecting a 1.88% year-over-year increase[13].